Wells Fargo Corp Q4 08

--Revenue 9.8 bil, NI -2.55, EPS -0.79, missed expectation --deteriorating credit profile, but allowance / NPA reached 241%, the highest among all major banks. --The charge off and asset credit quality is not acute compared to peers, indicating the the asset quality form Wachovia is fine. --With 99 bil equity, the company has enough capital to cushion the loss against the risky portfiolio, ~583 bil opinion --overweight its debt/equity